(EMAILWIRE.COM, November 06, 2018 ) Market Overview:

In the year 2018 Global Early Toxicity Testing Market was valued at USD 769.18 Million. By the year 2023, it is predicted to reach USD 1119.75 Million with pace of 7.8% CAGR.

Toxicity testing is a scientific analysis to identify the potential toxicity of new compounds at an early stage during drug discovery and development process. This early detection of toxicity reduces the development cost and time in pharmaceutical, food and other industries. There are various kinds of tests which are useful to check if the entity has toxic potentials like genotoxicity, carcinogenicity, neurotoxicity, and systemic toxicity. These toxicity tests are important for the welfare of human health and environment. Toxicity Testing are performed in in-vivo, in-vitro, and in-silico techniques.

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Factors affecting market growth:

Increasing awareness among regulatory authorities for the welfare of environment and human health across the globe. (+)
Adoption of technological advancement in biotechnology and pharmaceutical industries. (+)
Increasing R&D activities for in vitro toxicity testing. (+)
Rising funds by government for toxicity testing. (+)
Growing for demand for early toxicity testing across the globe. (+)
Lack of awareness about toxicity. (-)
Stringent government policies. (-)
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Market Segmentation

The Global Early Toxicity Testing Market is geographically segmented into

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America holds the largest market share in the global early toxicity testing market followed by Europe due to improving healthcare infrastructures, increasing investments by government and presence of large pharmaceutical companies in this region. Asia-Pacific is rapidly growing due to rise in disposable income, increasing aging population and improving healthcare facilities which is expected to grow at highest CAGR for Early Toxicity Testing Market during the forecast period.

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Key players:

Leading companies for Global Early Toxicity Testing Market are Bio-Rad, Gene Logic, Accelrys, Charles River Laboratories, Covance, Thermo Fisher Scientifics, Quest Diagnostics Corporation, Agilent Technologies, Sigma Aldrich, and BD Biosciences. 

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Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
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